Tiller Technologies, the Jersey and London based financial technology company has partnered with FactSet, provider of integrated financial information and analytical applications to integrate its ‘Construct’ product into the FactSet workstation.
Construct automates the monitoring of client portfolios for drift in risk suitability, allowing advisors to rebalance portfolios quickly without the inefficiencies and risks of manual monitoring. This partnership gives FactSet’s wealth management clients the tools to manage and rebalance client portfolios, and ensure suitability and oversight of client portfolios at scale.
“Portfolio managers and advisors are searching for ways to differentiate themselves as the industry moves towards centrally managed model portfolios,” said Greg King, Senior Director of Wealth Management Strategy at FactSet. “The team at Tiller has created a workflow to easily customise client portfolios with non-model assets and clearly visualise the impact of these portfolio changes, highlighting the advisor’s added value to their clients.”
“This integration is a natural workflow extension of our award-winning Advisor Dashboard, which offers advisors the ability to surface personalised and actionable insights on their entire book of business, driving productivity and client engagement,” said King. “Our partnership with Tiller is another example of how FactSet is continuously investing in our wealth management solutions.”
Ian Cadby, CEO of Tiller Technologies says “We are extremely excited to partner with FactSet. Tiller’s functionality, accessed via the power of FactSet’s Wealth Workstation, provides the wealth industry with powerful and easily accessible tools, at a time when client suitability and portfolio customisation have never been under so much scrutiny.
“This tool gives wealth professionals, whether portfolio managers, risk officers or compliance managers, the ability to stay in control of suitability, and as importantly to be able to effortlessly customise their portfolios.“
The main picture shows Ian Cadby, CEO of Tiller Technologies and co-founder and Chief Commercial Officer Jonathan Wauton.